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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Warehouses
63-65 Conway St, New Bedford, MA 02740
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-0267410
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
STEEL FRAME
Total area
41,790 SF
Lot
1.77 ac (77,175 SF)
Zoning code
WI
APN
NEWB M:0037 L:0298
UPID
US38-0267410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$3.80M
Owner & transaction history
Conley Rlty LLC · 15 yrs held
Conley Rlty LLC
since 2010
7 recorded transactions
Zoning & alternative use
WI · New Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+13.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,530,000
Current use
RETAIL STORES
$6,250,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$5,485,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,430,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$91 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$65,243
Tax year 2024
Assessed value
$2,613,900
Assessed 2024
Previous assessed
$2,613,900
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$1,341,800
Assessed improvement
$1,272,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
41,790 SF
Lot
1.77 ac (77,175 SF)
Zoning code
WI
APN
NEWB M:0037 L:0298
UPID
US38-0267410
Jurisdiction
NEW BEDFORD
Zoning & alternative use
WI · New Bedford, MA
Zoning WI · permitted uses
WI · New Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
1.77 ac
Current owner
From public records · entity-resolved
Conley Rlty LLC
Entity
Mailing address
21 POWDER HL RD, LINCOLN, RI 02865-4417
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2010
$2,135,000
Conley Rlty LLC
Cape Street Realty LLC
Grant Deed
$1,200,000 · Sovereign Bank
Nov 22, 2010
—
Conley Rlty LLC
—
Grant Deed
related
$1,000,000 · Conreal LLC
Feb 13, 2009
$625,000
Cape Street Realty LLC
Nogueira,maurice
Grant Deed
$450,000 · Carmine Romano
Feb 13, 2009
—
Cape Street Realty LLC
—
Grant Deed
related
$175,000 · Maurice Nogueira
Jul 29, 2008
—
Maurice Nogueira
—
Deed Of Trust
related
$8,346 · Rolands Tire Svc INC
Sep 7, 2000
—
Milton Ferreira
—
Deed Of Trust
related
$70,000 · First Federal Savings Bank
Mar 13, 1992
—
Milton Ferreira
—
Deed Of Trust
related
$450,000 · Compass Bank For Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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